WATKINS, MN and VANCOUVER, BC--(Marketwire - August 18, 2008) - International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire resistant building materials, is pleased to report double
digit growth in overall sales revenue and sales volume for the month of
July 2008. Overall monthly sales revenue increased 27% to $527,157 from
$416,500 in July of 2007. Sales revenue into the Commercial Modular Market
increased 27% from $160,884 to $203,927 and grew slightly for the
Multi-Family Residential Roof Deck and Structural Insulated Panel market
($58,682 vs. $57,088 in July 07).
Shipments of Blazeguard products for the month of July 2008 grew 15.5% over
July 2007 (713,800 sq. ft. vs. 618,100 sq. ft.) Of the total, 579,500 sq.
ft. was shipped into the Commercial Modular market; 102,700 sq. ft. went
into the Multi-Family Residential Roof Deck market; and 31,700 sq. ft. into
the Structural Insulated Panel market.
"In addition to increasing sales trends, Barrier is excited at the growth
opportunity in the wildfire prone areas of California," states Dr. Michael
Huddy, President. "Recent state wide code changes are requiring additional
fire resistant building materials for new construction. Barrier is already
seeing heightened requests for non-combustible and ignition resistant
materials in very high fire hazard severity zones."
About International Barrier Technology Inc.
International Barrier Technology Inc. (
OTCBB:
IBTGF) (
TSX-V:
IBH),
develops, manufactures, and markets proprietary fire resistant building
materials branded as Blazeguard®. Barrier's award-winning Blazeguard®
wood panels use a patented, non-toxic, non-combustible coating with an
extraordinary capability: it releases water in the heat of fire. The panels
exceed "model" building code requirements in every targeted fire test and
application, and are unique in combining properties that increase panel
strength and minimize environmental and human impact. Blazeguard®
provides Barrier's customers a premium material choice meeting an
increasingly challenging combination of requirements in residential and
commercial building construction. Blazeguard® customers include many of
the top multifamily homebuilders, and commercial modular building
manufacturers in the United States.
INTERNATIONAL BARRIER TECHNOLOGY INC.
Michael D. Huddy
President, Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS
RELEASE.
Forward-Looking Information: The statements in this news release contain
forward-looking information within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
certain risks, assumptions and uncertainties, including but not limited to
the ability to generate and secure product sales. In each case actual
results may differ materially from such forward-looking statements. The
company does not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that any
projected results (expressed or modified) will not be realized.
Contact Information: Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
For more information please visit:
www.intlbarrier.com